Managerial Accounting

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Solve for Cost of Goods Sold Given Activity During Period


Your client shows the following activity for the recent period:

Ending Balances in Selected Accounts:
Sales revenue \$45,500
Beginning Finished Goods Inventory \$2,500
Cost of Goods Manufactured (Made) \$32,500
Ending Finished Goods Inventory \$7,000
Units produced during period 10,000

What is the Cost of Goods Sold for this period?